Goldman Sachs Upgrades Enbridge (ENB) to Conviction Buy
Tweet
Share
E-mailGet Alerts ENB Hot Sheet
Price: $50.67 -0.47%
Rating Summary:
10 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
10 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Join SI Premium – FREE
Goldman Sachs upgraded Enbridge (NYSE: ENB) from Buy to Conviction Buy and raised its price target to C$54 (from C$51).
Analyst Theodore Durbin said, "We view Enbridge as the premier organic growth story among midstream stocks, as we expect its well-positioned assets will drive incremental oil infrastructure growth projects to meet surging North American supply and reduce current widebasis differentials. We believe Enbridge offers a unique combination of (1) above-average earnings and dividend growth coupled with (2) low-risk cash flows with virtually no commodity exposure, superior to peers with lower growth and/or higher-risk cash flow streams."
For an analyst ratings summary and ratings history on Enbridge click here. For more ratings news on Enbridge click here.
Shares of Enbridge closed at $44.20 yesterday.
Analyst Theodore Durbin said, "We view Enbridge as the premier organic growth story among midstream stocks, as we expect its well-positioned assets will drive incremental oil infrastructure growth projects to meet surging North American supply and reduce current widebasis differentials. We believe Enbridge offers a unique combination of (1) above-average earnings and dividend growth coupled with (2) low-risk cash flows with virtually no commodity exposure, superior to peers with lower growth and/or higher-risk cash flow streams."
For an analyst ratings summary and ratings history on Enbridge click here. For more ratings news on Enbridge click here.
Shares of Enbridge closed at $44.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Enovix Corporation (ENVX) PT Lowered to $5 at BofA Securities
- Benchmark Reiterates Buy Rating on Odysight.AI Inc. (ODYS)
- Seaport Global Securities Downgrades JetBlue Airways (JBLU) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT Change, UpgradesRelated Entities
Goldman Sachs Conviction Buy List, Goldman Sachs, Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
